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Orosur Mining Inc. is a gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and...Read more
Orosur Mining appoints former Extorre boss to boardOctober 11 2012, 8:11am
Dr Eric Roth (46) is based in Chile and was running Extorre Gold prior to its acquisition by Yamana Gold for US$404 mln in August.
Prior to this he worked for a number of other gold miners and also served as global head of greenfields exploration for AngloGold Ashanti.
Tony Shearer, Orosur’s chairman, said: “Eric has significant experience in mining globally and, in particular in South America, and his experience will prove invaluable to the board of Orosur.”
Shearer himself recently returned as chairman having previously worked for the company between 2002 and 2009.
His appointment coincided with the departure of three directors while Bill Lindqvist said he would stand down as chairman in November.
The board now comprises Tony Shearer, as chairman with Roger Davey, Julio Porteiro and Eric Roth as independent non-executive directors, Ignacio Salazar (chief financial officer) and David Fowler (chief executive).
Orosur operates the only producing gold mine in Uruguay at San Gregorio. In July, it said it expects to produce 63,000 to 68,000 ounces in fiscal 2013 and 70,000 to 75,000 ounces in fiscal 2014.
The company is also currently working on a strategic review that will set out a dividend policy, a revised exploration and development strategy for extending the mine life at San Gregorio and plans for its Chilean projects at Pantanillo, Anillo and Talca.